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Verizon-AOL: Another Deal Without Big Banks

Published

11 years ago

May 12, 2015

This April 7, 2013 photo shows the Verizon Studio booth at MetLife Stadium, in East Rutherford, N.J. (Mel Evans/AP Photo)

(Wall Street Journal) – Verizon Communications Inc.’s $4.4 billion all-cash acquisition of AOL Inc. is the latest example of a headline-grabbing deal getting done without the help of the big banks.

Instead of turning to one of the mega-banks for help on the transaction, Verizon tapped Guggenheim Partners and LionTree Advisors LLC, while AOL worked with Allen & Co. Dealogic says it’s the fifth-largest deal ever assembled without a bulge-bracket bank.

AOL Chief Executive Tim Armstrong told CNBC Tuesday morning that talks between the two parties started at Allen & Co.’s 2014 media conference held in each July in Sun Valley. Mr. Armstrong said AOL did not run an auction process.

Less than two months ago, private-equity firm 3G Capital Partners LP and Warren Buffett‘s Berkshire Hathaway Inc. announced a deal to merge their jointly owned H.J. Heinz Co. with Kraft Foods Group Inc. without involving any big banks. The transaction, valued at roughly $49 billion at the time, is the largest deal ever without any bulge-bracket bank advising on it.

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Related Topics:AOL Berkshire Hathaway Heinz Co.Kraft Foods mergers & acquisitions verizon Verizon AOL deal Verizon Communications Warren Buffett

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Seth Curry Makes Impressive Debut with the Golden State Warriors

Seth looked comfortable in his new uniform, seamlessly fitting into the Warriors’ offensive and defensive system. He finished the night with an impressive 14 points, becoming one of the team’s top scorers for the game. Seth’s points came in a variety of ways – floaters, spot-up three-pointers, mid-range jumpers, and a handful of aggressive drives that kept the Oklahoma City Thunder defense on its heels.

Published

1 week ago

December 4, 2025

Oakland Post

Seth Curry is a point guard on the GSW team.Photo courtesy of the Golden State Warriors.

By Y’Anad Burrell

Tuesday night was anything but ordinary for fans in San Francisco as Seth Curry made his highly anticipated debut as a new member of the Golden State Warriors. Seth didn’t disappoint, delivering a performance that not only showcased his scoring ability but also demonstrated his added value to the team.

At 35, the 12-year NBA veteran on Monday signed a contract to play with the Warriors for the rest of the season.

One of the most memorable moments of the evening came before Seth even scored his first points. As he checked into the game, the Chase Center erupted into applause, with fans rising to their feet to give the newest Warrior a standing ovation.

The crowd’s reaction was a testament not only to Seth’s reputation as a sharpshooter but also to the excitement he brings to the Warriors. It was clear that fans quickly embraced Seth as one of their own, eager to see what he could bring to the team’s championship aspirations.

Warriors’ superstar Steph Curry – Seth’s brother – did not play due to an injury. One could only imagine what it would be like if the Curry brothers were on the court together. Magic in the making.

Seth’s debut proved to be a turning point for the Warriors. Not only did he contribute on the scoreboard, but he also brought a sense of confidence and composure to the floor.

While their loss last night, OKC 124 – GSW 112, Seth’s impact was a game-changer and there’s more yet to come. Beyond statistics, it was clear that Seth’s presence elevated the team’s performance, giving the Warriors a new force as they look to make a deep playoff run.